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Trump Pushes Fed for Sharp Rate Cuts Amid Inflation

10/29/2025

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Summary

Story summary

President Donald Trump says the U.S. economy is in a "golden age" while urging Fed to cut rates sharply.
His nominee, Stephen Miran, advocates aggressive rate cuts despite rising inflation, contradicting the Fed's typical response.
The Fed faces pressure to balance cuts with inflation risks, as jobs growth slows.
Analysts expect a cautious approach, with cuts near 3.75%–4% amid ongoing uncertainty, as seen in Turkey's economic turmoil following similar actions.

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Story summary

President Donald Trump says the U.S. economy is in a "golden age" while urging Fed to cut rates sharply.
His nominee, Stephen Miran, advocates aggressive rate cuts despite rising inflation, contradicting the Fed's typical response.
The Fed faces pressure to balance cuts with inflation risks, as jobs growth slows.
Analysts expect a cautious approach, with cuts near 3.75%–4% amid ongoing uncertainty, as seen in Turkey's economic turmoil following similar actions.